Browsing: Finance
The Finance category on EVMagz covers the financial forces shaping the electric mobility industry, from corporate earnings and capital raises to investment strategy and market economics. This section provides insight into how companies across the EV ecosystem are funding growth, managing profitability, and navigating the financial realities of a rapidly evolving market.
Readers can explore reporting on quarterly earnings, fundraising rounds, mergers and acquisitions, IPOs, debt financing, profitability milestones, investment announcements, valuation trends, and broader financial strategies from automakers, suppliers, battery firms, and mobility startups. The category also examines how macroeconomic conditions and capital markets influence the pace of electrification.
Whether you are an investor, analyst, business professional, or EV enthusiast, the Finance category delivers data-driven coverage of the money and strategy behind the electric vehicle industry.
Hyundai Motor Group announced plans to increase its domestic investment by 19% to a record 24.3 trillion won ($16.65 billion)…
The U.S. Department of Transportation (DOT) has allocated $122.9 million to California to enhance electric vehicle (EV) charging and hydrogen…
Public transport operator EMT Valencia has secured a €69 million loan from the European Investment Bank (EIB) to purchase 145…
Trucks Venture Capital (Trucks VC), co-founded by Reilly Brennan, is setting out to invest in the next wave of early-stage…
Just days after facing liquidation, German eVTOL startup Lilium Aviation has announced a lifeline investment deal that could revive its…
Avatr Technology, the electric vehicle (EV) company backed by Changan Automobile, CATL, and Huawei, has successfully closed its Series C…
Norway Provides $134 Million Loan to Morrow Batteries for Expansion of Battery Manufacturing
By James Bryant
Norwegian start-up Morrow Batteries has secured a loan facility of 1.5 billion crowns ($134 million) from the government agency Innovation…
The U.S. Energy Department announced on Monday the completion of a $9.63 billion loan to Blue Oval SK, a joint…
EVgo has announced the closing of a $1.25 billion guaranteed loan facility from the US Department of Energy’s Loan Programs…
U.S. Commerce Department Reaches Deal with Bosch for $225 Million Subsidy to Build Key EV Semiconductor Plant in California
By James Bryant
The U.S. Commerce Department announced on Friday that it has reached a preliminary agreement with German auto supplier Bosch for…
The U.S. Environmental Protection Agency (EPA) has unveiled $735 million in funding aimed at accelerating the adoption of zero-emission heavy-duty…
Norwegian fuel cell manufacturer Teco 2030 has filed for insolvency, citing an inability to secure the necessary capital to continue…
Electric mobility investor Ideanomics has filed for Chapter 11 bankruptcy protection in Delaware, USA, as it seeks a buyer for…
EV charging platform provider Ampeco has raised $26 million in a Series B funding round led by Revaia, bringing its…
UK-based Vertical Aerospace announced on Monday that investor Mudrick Capital has agreed to convert 50% of its outstanding convertible debt…
Dutch electric bus manufacturer Ebusco has raised €36 million in a rights issue, providing a critical financial boost for the…
STMicroelectronics (ST) has pushed back its long-term financial targets, now aiming to hit annual revenue of $20 billion and an…
Ample, a startup focused on revolutionizing electric vehicle (EV) infrastructure with battery swapping technology, has raised $25 million in a…
Chinese electric vehicle maker Xpeng delivered robust third-quarter financial results, with revenue and gross margin exceeding analyst estimates, driven by…
EVgo, a leading electric vehicle charging network in the United States, has announced record revenue of $67.5 million for the…